Question: Refer to workpaper 2 0 - 8 . Suppose there was a third transfer on the interbank transfer schedule for $ 1 6 , 5

Refer to workpaper 20-8. Suppose there was a third transfer on the interbank transfer
schedule for $16,500. Assume that the funds were transferred from the general cash account
to the payroll cash account. Also assume that the transfer was recorded in the clients cash
disbursements journal on 1/4/2019, and the check cleared the disbursing bank on 1/4/2019.
In addition, assume that the transfer was recorded in the clients cash receipts journal on
12/26/2018 and was received by the receiving bank on 12/26/2018. Discuss the concerns
you would have about this transfer

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